Retail forex broker FXCM Group, LLC has just announced the appointment of Siju Daniel as Chief Commercial Officer. Siju Daniel joined FXCM in 2003, and for the past decade held the title of Chief Executive Officer of FXCM Asia Pacific. Having turned Asia Pacific into a key growth region for the firm, Mr. Daniel, in…
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The European Securities and Markets Authority (ESMA) has informed that it has found that national regulators need to improve their supervision of Undertakings for Collective Investments in Transferable Securities (UCITS) engaging in efficient portfolio management techniques (EPM). A recent peer review by ESMA, which assessed the level of compliance of six national competent authorities (NCAs)…
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The Federal Reserve Board has informed the public that it has launched the Consumer Compliance Supervision Bulletin - a new publication that will provide bankers and others interested in consumer protection with high-level summaries of pertinent supervisory issues. The Bulletin complements other Federal Reserve System outreach programs for banking organizations, such as the Consumer Compliance…
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Singapore Exchange (SGX) has just announced that it has today welcomed Silkroad Nickel Ltd to its Catalist under the stock code “STP”. Silkroad Nickel Ltd is primarily in the business of exploration, mining, production and sale of nickel ore. Based in Indonesia, the group has the mining business licence to carry out nickel ore mining…
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CLS, a market infrastructure group delivering settlement, processing, and data solutions, and IBM (NYSE: IBM) have just announced a collaboration on a proof of concept (PoC) for LedgerConnect − a distributed ledger technology (DLT) platform for the financial services industry designed to enable banks, buy and sell side firms, FinTechs and software vendors to deploy,…
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London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) issued an interesting statement following its Annual General Meeting last week, which also coincided with the release of CMC's quarterly Trading Update. While stating (as is certainly usual) that all the resolutions set out in the Notice of Annual General Meeting were duly passed as…
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The Hong Kong Securities and Futures Commission (SFC) has announced the implementation of the new open-ended fund companies (OFC) regime with effect from 30 July 2018. This will enable investment funds to be established in corporate form in Hong Kong, in addition to the current unit trust form. The Code on Open-ended Fund Companies and…
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LeapRate Exclusive... LeapRate has learned that regulated cryptocurrency exchange DX.Exchange has raised a significant amount of venture capital from Silicon Valley-Israeli VC firm NFX. DX.Exchange was launched earlier this year by former Oanda UK and Alpari UK CEO Daniel Skowronski, as was exclusively reported by LeapRate back in May, and is being being built on Nasdaq’s…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Lindmand Group. Lindmand Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read moreThe Securities and Exchange Commission (SEC) has informed that it has charged Howard M. Appel with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud. According to the SEC’s complaint, Appel orchestrated multiple schemes to manipulate the market for trading in shares of Virtual…
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